A burst of buying in takeover target Liontown Resources has triggered speculation another party is attempting to build a blocking stake in the WA lithium company. The Tim Goyder-chaired miner is the top gainer on the Australian Securities Exchange on Thursday, with eyebrows raised after huge volumes of shares changed hands. It has sparked questions over whether another party is attempting to crash a $6.6 billion takeover deal by US battery chemicals giant Albemarle, which is offering $3-a-share — it’s fifth aimed at sealing a binding deal. Liontown shares were up 8.3 per cent, or 22.9¢, to hit the offer price of $3 at 11.40am against a 1.16 per cent decline across the broader market. Almost 82 million shares have been traded so far. It is understood the shares were purchased through Euroz Hartleys. Gina Rinehart’s Hancock Prospecting is rumoured to be one contender. It is understood Hancock had a 4.9 per cent stake in Liontown prior to Thursday. Chris Ellison’s Mineral Resources has also been suggested as another possible buyer. Mr Goyder has a 15 per cent stake and boasts a loyal following amongst the big retail base in the company’s 31,000-strong share register. The company has intervened in several recent takeovers, including IGO’s bid for Essential Metals, and recently revealed itself to be the mystery buyer of a 14 per cent stake in Delta Lithium. More to come.
- Forums
- ASX - By Stock
- Lithium Related Media Articles
A burst of buying in takeover target Liontown Resources has...
-
- There are more pages in this discussion • 5,316 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LTR (ASX) to my watchlist
|
|||||
Last
$1.01 |
Change
0.015(1.52%) |
Mkt cap ! $2.437B |
Open | High | Low | Value | Volume |
97.0¢ | $1.04 | 96.5¢ | $12.25M | 12.21M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 250234 | $1.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.01 | 51730 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 250234 | 1.000 |
10 | 200677 | 0.995 |
8 | 733988 | 0.990 |
2 | 74272 | 0.985 |
5 | 118874 | 0.980 |
Price($) | Vol. | No. |
---|---|---|
1.005 | 51730 | 1 |
1.010 | 50438 | 4 |
1.015 | 5550 | 2 |
1.020 | 40344 | 5 |
1.025 | 71000 | 3 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
Featured News
LTR (ASX) Chart |